Economics

Markets In The Next System

February 17, 2016 Jesse A. Myerson, www.thenextsystem.org Create! Capitalism, Economics, History, Market

By Jesse A. Myerson for The Next System Project - In her seminal work “The Origin of Capitalism,” the late scholar Ellen Meiksins Wood took on the credo that “capitalism emerged when the market was liberated from age-old constraints and when, for one reason or another, opportunities for trade expanded.” Schoolchildren in the US are commonly taught to conceive of the broad variety of political-economic systems, both those extant and those possible, as divisible into two essential and opposing categories: “markets” and “planning.”

Co-Ops Build Stronger Communities, New Economy

December 7, 2015 TESA Collective, www.toolboxfored.org Create! Cooperatives, Economics

By TESA Collective for TESA - Cooperatives are businesses and organizations democratically owned and managed by the people they serve. They come in many shapes and sizes: from a handful of people to thousands upon thousands of members. Some are owned and run by workers, others are owned and governed by consumers, still others are for producers (like farmers and artists). But no matter what, cooperatives always have the same foundation: one member, one share, one vote. Recently, we at The Toolbox for Education and Social Action (TESA) (a worker co-op) launched a new poster series to highlight and celebrate the power of the cooperative movement.

Enough: Beyond The Myth Of Lack

March 2, 2015 Laurie McCammon, www.weareenough.com Educate! Economics, Scarcity

What if one single word could "flip the paradigm," unleashing the power to create enough for ourselves, enough for our communities and enough for the planet? And what if it wasn't a trick or a gimmick, but a universal truth written into the very design of the cosmos ? Enough: Beyond the Myth of Lack shares a startlingly simple yet profoundly transformative secret: changing our orientation to the word ENOUGH could be the key to unlocking the sleeping consciousness andto birthing a new planetary story. Traditional approaches to transformation either focus on our inner selves - our spirituality or beliefs, or on the outer world - on activism or innovation. When we work hard on ourselves, but encounter a culture that neither supports nor reflects our evolving wisdom, we must put tremendous energy into standing our ground.

80 People Control Half Of World’s Wealth & All Elected Officials

January 26, 2015 Crystal Shepeard, www.care2.com Educate! Economics, Poverty, wealth inequality

The World Economic Forum Annual Meeting began this week in Davos, Switzerland. The meeting convenes “global leaders from across business, government, international organizations, academia and civil society for strategic dialogues which map the key transformations reshaping the world.” The hope is that the dialogue will lead to action on the part of the participating nations to improve conditions in their own communities, with an understanding that we are all globally connected. The idea is that the actions in one community can affect another anywhere in the world. The current state of global economic inequality shows just how tenuous that connection is. In what has now become tradition, Oxfam International, a confederation of organizations dedicated to fighting poverty, issued a report on the current state of economic inequality.

Students Rebel Against Traditional Economics

January 13, 2015 Kick It Over, www.kickitover.org Resist! Economics, Education

We, the economics students of the world, make this accusation: That you, the teachers of neoclassical economics and the students that you graduate, have perpetuated a gigantic fraud upon the world. You claim to work in a pure science of formula and law, but yours is a social science, with all the fragility and uncertainty that this entails. We accuse you of pretending to be what you are not. You hide in your offices, protected by your jargon, while in the real world forests vanish, species perish, human lives are ruined and lost. We accuse you of gross negligence in the management of our planetary household.

Why Current Global Inequality Is Unsustainable

November 4, 2014 Danny Dorling, www.social-europe.eu Educate! Economics, wealth inequality

Although many social scientists, most notably Thomas Piketty, have provided evidence of rising inequality across Europe and the rest of the world, there is little consensus on how the problem can be addressed. Is a solution to social and economic inequality feasible? The best analogy I can give to the current debate over inequality is that it’s a bit like talking about population growth in 1968. Around about 1968 was the point in human history when population growth had never been faster. The human population was growing by about 2-2.2 per cent a year. If that had continued then within 300 years the planet would have been unable to sustain our species and life as we know it would have ended.

Ten Ways We Can Build A Better Economic System

August 27, 2014 Gary Engler, www.rabble.ca Create! Change, Corporatism, Democracy, Economics

For the numerous readers who asked: "But what can we do?" after reading my "10 reasons to smash capitalism," here are ten ways we can build a better economic system: 10. We can elect governments that represent people rather than corporations. This will require serious electoral reform and include laws to make it clear corporations are not people and therefore cannot participate in the political process. A government representing all the people would regulate corporations to ensure socially responsible behaviour and transform psychopathic capitalist monstrosities into democratic, social enterprises that benefit all. 9. We can build communities and organizations that encourage solidarity, compassion and altruism. These will include worker, consumer, housing and producer cooperatives, as well as institutions of government. People must always remain vigilant, especially while capitalism continues to exist, about the pervasive power of greed to destroy these communities and organizations. 8. We can promote and build a democratic economy in which social ownership replaces private ownership of communities’ means of livelihood. The people who work in them and the communities in which they are located should control economic enterprises.

Young Students’ Solution To Corporate Rule

June 25, 2014 Staff, www.popularresistance.org Educate! Corporatism, Economics, TPP, wealth inequality

Congratulations to the 2014 economics club. After they arranged and completed an interview with former economic hit-man John Perkins, they wrote, directed, filmed and edited a successful submission for the C-SPAN documentary contest. Despite not placing in the C-SPAN competition, they received praise for their work from former assistant secretary of the treasury and editor of the wall st. journal Dr. Paul Craig Roberts, journalist and author Nomi Prins, and investigative journalist James Corbett. They even had requests from citizens in foreign countries to release it in different languages. When this video was brought to our attention, we thought it would be important to share it with our readers. The students explain the current economic and political environment in a clear and concise manner that people of all ages will appreciate. And they put forth a positive solution.

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